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Stock Market & Financial Investment News

News Breaks
March 24, 2014
12:07 EDTARWR, HLF, GILD, AAPL, NUS, ISIS, P, UPSOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday following reports on the state of manufacturing in the U.S., China and the European Union. The Purchasing Managers' Indexes, or PMIs, showed that manufacturing activity contracted last month in China but that it had expanded again in the U.S. and the EU. ECONOMIC EVENTS: In the U.S., Markit's manufacturing PMI for March fell to 55.5 from February's 57.1 reading. The reading was 1 point below the consensus forecast, but was still strongly in expansionary territory, as 50 is the dividing line between expansion and contraction. In China, Markit's flash PMI came in at 48.1, falling short of expectations for a 48.7 reading. In Europe, the PMI for the euro area as a whole came in at 53.2, which was just below last month's 32-month high reading of 53.3. COMPANY NEWS: Shares of Nu Skin Enterprises (NUS) surged nearly 19% near midday after the company's China business was penalized only $540,000 for direct sales of certain products. Nu Skin said it is already taking steps to correct the issues raised in the AIC reviews and that it is not aware of any other material enforcement investigations currently pending in China. Research firm Deutsche Bank said it expects Nu Skin to announce a "significant" share repurchase program over the next several quarters after the China investigation was resolved with "modest" fines. Deutsche thinks today's news lifts an overhang on Nu Skin and keeps a Buy rating on the stock with a $110 price target. Meanwhile shares of Nu Skin's multi-level marketing peer Herbalife (HLF), which has also been accused of impropriety in China, are up about 8%. Herbalife had its own news this morning as well, as it announced that it has amended and restated its agreement with Carl Icahn and will nominate three new Icahn designees for election to the company’s board. MAJOR MOVERS: Among the notable gainers was MicroVision (MVIS), which jumped 20% after announcing that it has agreed to supply customized PicoP display modules to shipping giant UPS (UPS). Also higher was Symantec (SYMC), which rose 2% after research firm BMO Capital upgraded the stock and said it believes all strategic options, including a sale or divestiture of underperforming assets, will be considered following the company's recent termination of its CEO. Among the noteworthy losers was Arrowhead Research (ARWR), which dropped more than 15%. Research firm Piper Jaffray attributed the move lower to competitor ISIS Pharmaceuticals (ISIS) having announced preclinical data on its own antisense compound targeting hepatitis B virus, which is a clinical area that Arrowhead is also exploring. A number of other biotechnology companies' shares were also lower, with Oppenheimer attributing the continued weakness in the sector to investor concerns that were sparked by a letter sent Friday by several members of Congress to Gilead (GILD) regarding the price of its Hepatits C drug, Sovaldi. Also lower were shares of Internet radio company Pandora (P), which slid almost 9% after Billboard reported on Friday that Apple (AAPL) is considering launching a new music service and is also weighing a new iTunes app for Android smartphones. INDEXES: Near midday, the Dow was down 52.55, or 0.32%, to 16,250.22, the Nasdaq was down 66.01, or 1.54%, to 4,210.78, and the S&P 500 was down 12.25, or 0.66%, to 1,854.27.
News For NUS;HLF;P;AAPL;ARWR;ISIS;GILD;UPS From The Last 14 Days
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November 7, 2014
10:40 EDTHLFOptions with decreasing implied volatility
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09:36 EDTAAPL, GILDActive equity options trading
Active equity options trading according to Track Data: AAPL WFM ABX GILD TSLA ZNGA FB FSLR GOOG AMZN
08:33 EDTISISIsis Pharmaceuticals reports Q3 EPS (23c), consensus (20c)
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07:43 EDTGILDGilead Harvoni prescriptions trending well above Sovaldi, says RBC Capital
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06:46 EDTAAPLMicrosoft begins offering free iPhone Office apps
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06:35 EDTAAPLApple says shuts down 'WireLurker' malware, Business Insider reports
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November 6, 2014
16:00 EDTGILD, AAPLOptions Update; November 6, 2014
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15:52 EDTAAPLApple appears to be crawling HTML sites with bot, AppleInsider says
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15:27 EDTISISNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Humana (HUM), consensus $2.00; Brookfield Asset Management (BAM), one estimate 33c; Magnum Hunter (MHR), consensus (16c); Cooper Tire & Rubber (CTB), consensus 72c; E. W. Scripps (SSP), consensus 6c; Isis Pharmaceuticals (ISIS), consensus (20c); ViaSat (VSAT), consensus 15c; Dresser-Rand (DRC), consensus 63c; Intercept Pharmaceuticals (ICPT), consensus ($1.10).
15:13 EDTGILDAmerican Association for Study of Liver Diseases to hold a meeting
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13:04 EDTAAPLEarnings Preview: Analysts positive on NVIDIA ahead of Q3 earnings report
NVIDIA (NVDA) is expected to report third quarter earnings after the close on Thursday, November 6, with a conference call scheduled for 5:00 pm ET. NVIDIA is a semiconductor manufacturer that produces graphics chips used in personal computers as well as mobile processors used in cell phones and tablets. EXPECTATIONS: Analysts are looking for earnings per share of 29c on revenue of $1.2B. The consensus range is 27c-31c for EPS on revenue of $1.2B-$1.22B, according to First Call. In its last earnings report, NVIDIA said it expects Q3 revenue of $1.2B, plus or minus 2%, which was higher than analysts' consensus of $1.16B at the time. LAST QUARTER: On August 6, NVIDIA reported second quarter EPS of 30c, which beat the consensus forecast of 20c, on revenue of $1.1B, which matched analysts consensus of $1.1B. COMPANY NEWS: On August 26, NVIDIA, VMWare (VMW) and Google (GOOG) announced a collaboration to deliver high-performance virtual desktops and workstation-class graphic on Google Chromebooks. The partnership is anticipated to broaden the hardware options for high-performance virtual desktops. On September 4, NVIDIA announced that it filed complaints against Samsung (SSNLF) and Qualcomm (QCOM) at the International Trade Commission and in the U.S. District Court in Delaware, alleging that the companies were both infringing NVIDIA GPU patents covering technology including programmable shading, unified shaders and multithreaded parallel processing. The identified Samsung products included the Galaxy Note Edge, Galaxy Note 4, Galaxy S5, Galaxy Note 3 and Galaxy S4 mobile phones and the Galaxy Tab S, Galaxy Note Pro and Galaxy Tab 2 computer tablets. STREET RESEARCH: On August 8, Needham upgraded NVIDIA to Buy from Hold. The firm believed that the change in the company's strategy reduced its earnings volatility and raised its margins, while the stock's decline has created a good entry point. The firm also noted that the company reported better than expected results and provided stronger than expected guidance. NVIDIA announced that it had filed graphics processing units patent infringement lawsuits against both Samsung and Qualcomm, Stifel said on September 5 that the lawsuits could at a minimum cause other companies to conclude licensing deals with NVIDIA. The firm kept a $22 price target and Buy rating on NVIDIA. After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities noted that there was a good chance that NVIDIA would obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC). The firm thought that other companies, most notably Apple (AAPL), would launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommended buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm was upbeat about NVIDIA's new products and reiterated an Outperform rating. Pacific Crest upgraded NVIDIA to Sector Perform from Underperform on November 3. The firm expected the company's share gains in high end desktop GPU and AMD's (AMD) product delays to enable NVIDIA's results to meet or exceed consensus estimates in the near to medium term. PRICE ACTION: Since issuing preliminary earnings on August 6, shares of NVIDIA are up over 12.5%. During late-morning trading, shares of NVIDIA are down fractionally to $20.02.
12:20 EDTGILDStocks with call strike movement; RIG GILD
Transocean (RIG) February 33 call option implied volatility decreased 7% to 42, Gilead (GILD) May 130 call option implied volatility increased 2% to 38 according to IVolatility.
10:39 EDTHLFOptions with decreasing implied volatility
Options with decreasing implied volatility: ACHN GRPN ZU SGMS AFSI PNK SALE HLF CODE OWW
09:40 EDTGILD, AAPLActive equity options trading
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08:39 EDTGILDGilead submits NDA to FDA for elvitegravir, emtricitabine, tenofovir alafenamid
Gilead Sciences announced that it has submitted a New Drug Application to the U.S. Food and Drug Administration for an investigational, once-daily single tablet regimen containing elvitegravir 150 mg, cobicistat 150 mg, emtricitabine 200 mg and tenofovir alafenamide 10 mg for the treatment of HIV-1 infection in adults. The data submitted in the NDA support the use of the regimen among adult and adolescent treatment-naïve HIV individuals, virologically suppressed patients who switch regimens and those with renal impairment. Gilead plans to submit a regulatory application for E/C/F/TAF in the European Union by the end of 2014.
07:43 EDTISISIsis Pharmaceuticals earns $10M milestone payment from Biogen
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06:51 EDTHLFFiling says Herbalife settled class action suit with $15M, Reuters says
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06:40 EDTAAPLApple passes Samsung to become China's top mobile brand, CNet reports
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06:38 EDTAAPLApple may be planning glasses-free 3D display for next iPhone, MacRumors says
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06:22 EDTAAPLGlobal companies silent on local impact, transparency report shows
Transparency International issued a report saying that global companies are saying too little regarding their businesses abroad. The agency said, "The world’s biggest companies disclose little or no financial details about their operations outside their home country, a new report from Transparency International reveals. Ninety of the 124 companies assessed do not disclose the taxes they pay in foreign countries, while 54 disclose no information on their revenues in other countries. BHP Billiton (BHP), Eni (E), Statoil (STO) and Vodafone (VOD) scored more than six out of ten. The four companies report on a range of corruption prevention measures and disclose details of subsidiaries. However, only three companies, Statoil, Telefónica (TEF) and Vodafone score above 50% for country-by-country reporting, disclosing tax payments in almost all the countries where they operate, though not all financial data. Forty-four of the firms in the report are American, of which Amazon (AMZN), Berkshire Hathaway (BRK.A, BRK.B) and Google (GOOG) performed worst. Only two US companies publish tax payments in foreign countries, ConocoPhilips (COP) in Canada, Walmart (WMT) in Chile. Surprisingly, the sector that makes greater transparency possible is one of the least transparent. U.S. tech giants Amazon, Apple (AAPL), Google and IBM (IBM) all score less than three out of ten." Reference Link
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